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December 24, 2014 |
Cartier Sells La Pause Property to Sunset Cove Mining
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VAL-D'OR, QUEBEC--(Marketwired - Dec. 24, 2014) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") announces the sale to Sunset Cove Mining Inc. ("Sunset Cove Mining") of the La Pause gold property, of which Cartier has a 100% interest, in consideration of the issuance of 1,000,000 common shares of Sunset Cove Mining. The La Pause Property comprises 36 claims and is located 800 meters north of the Westwood Mine, near the Town of Cadillac, in Quebec. Cartier will retain a 2% net smelter return royalty, with each tranche of 1% NSR being redeemable for $1,000,000.
There are no cash payments and exploration expenditure commitments forming part of this transaction.
This transaction is subject to regulatory approvals and the securities will be subject to a four (4) month and one (1) day statutory hold period.
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release. |
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INDUSTRY: Manufacturing and Production - Mining and Metals |
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Cartier Resources Inc.
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EXPLORATEUR |
CODE : ECR.V |
ISIN : CA1467721082 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Cartier est une société d’exploration minière d'or basée au Canada. Cartier détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont DOLLIER, RIVIÈRE DORÉ, DIEGO, CADILLAC EXTENSION, KINOJEVIS, LAC CASTAGNIER et RAMBULL au Canada. Cartier est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,8 millions CA$ (3,5 millions US$, 3,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,22 CA$, et son plus bas niveau récent le 11 décembre 2015 à 0,04 CA$. Cartier possède 87 390 795 actions en circulation. |